Pros:

• No commute

• I can work for a company on the other side of the continent

• No one steals my lunch

• Can work from my treadmill desk

Cons:

• Lots of interruptions from family

• Always feeling like I'm at work

• Lack of human contact

• There's no "second place," let alone a third

I feel like the pros outweigh the cons, especially with regard to commuting. Driving to work is just more sitting, more fuel cost, more time lost.